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Sysco unveils three-year growth plan

Laura Gillespie — Sat, 22 May 2021 15:00:00 +0000

Houston-based food distribution giant Sysco Corp. (NYSE: SYY) is rolling out a multipart plan to grow 1.5 times faster than market average and reduce $750 million in costs by fiscal year 2024.

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Sysco to acquire US-based Italian food co.

Laura Gillespie — Thu, 20 May 2021 18:13:22 +0000

Houston-based Sysco Corp. (NYSE: SYY) will acquire Greco and Sons, an Illinois-based distributor of Italian foods, from private equity firm Arbor Investments and the Greco family.

The companies did not announce financial terms of the deal or a target ...

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Sysco taps JLL to list 106-acre property in northwest Harris County for sale

Jeff Jeffrey — Thu, 05 Nov 2020 00:03:06 +0000

Food distribution giant Sysco Corp. (NYSE: SYY) has tapped the Houston office of Chicago-based JLL to market a 106-acre property in northwest Harris County for sale.

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Founders of original Landry’s, Willie G’s to close last remaining restaurant, Jimmy G’s

Laura Gillespie — Wed, 21 Oct 2020 00:12:54 +0000

Longtime Louisianan seafood restaurant Jimmy G’s is closing, and co-owners Jody Larriviere and Jim Gossen are retiring.

The pair opened a number of restaurants, including the original Landry's and Willie G’s, in the 1970s and 1980s. Over the years, t...

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Sysco reveals size of workforce cuts due to Covid-19

Olivia Pulsinelli — Tue, 05 May 2020 17:39:37 +0000

Houston-based foodservice giant Sysco Corp. (NYSE: SYY) has taken a hit as the coronavirus pandemic has greatly impacted many of its customers, such as restaurants, health care, educational and hospitality facilities.

Since the end of March, the compa...

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CEOs of Sysco, Houston energy cos. among appointees to Trump’s Economic Revival Industry Groups

J. Jennings Moss — Thu, 16 Apr 2020 13:33:32 +0000

The Great American Economic Revival Industry Groups that President Donald Trump announced April 14 include some high-profile Houston business leaders.

Kevin Hourican, CEO of Sysco Corp. (NYSE: SYY), is part of the agriculture group, while Ryan Lance, ...

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Sysco shifting focus to grocery retailers to survive COVID-19 slowdown

Chris Mathews — Fri, 20 Mar 2020 18:27:59 +0000

Houston-based food distribution giant Sysco Corp. (NYSE: SYY) is making changes to its strategy in response to reduced customer demand during the COVID-19 coronavirus pandemic.

Sysco is actively pursuing new revenue sources in the retail grocery indu...

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Houston-based food distribution giant raises $500M for sustainability efforts

Chris Mathews — Fri, 14 Feb 2020 19:08:33 +0000

Sysco Corp. (NYSE: SYY), one of Houston's largest public companies, raised $1 billion through note offerings — half of which is going toward the firm's sustainability efforts.

The food distribution giant closed its inaugural "sustainability bond" iss...

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Sysco stock drops amid mixed earnings

Chris Mathews — Mon, 03 Feb 2020 20:13:31 +0000

Food distribution giant Sysco Corp., Houston's second-largest public company by revenue, reported mixed earnings for its second fiscal quarter.

Sysco (NYSE: SYY) reported adjusted earnings per share of 85 cents for Q2, beating analyst expectations, a...

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Major Houston public co. to outsource customer service jobs

Olivia Pulsinelli — Thu, 23 Jan 2020 14:12:47 +0000

Food distribution giant Sysco Corp. (NYSE: SYY), Houston's second-largest public company by revenue, has more cost-cutting planned through outsourcing.

Citing an internal memo, the Houston Chronicle reports that Sysco partnered with New Jersey-based o...

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Sysco’s outgoing, incoming CEOs to receive millions

Olivia Pulsinelli — Fri, 17 Jan 2020 14:27:54 +0000

The outgoing president and CEO food distribution giant Sysco Corp. (NYSE: SYY) is leaving with a multimillion-dollar payout.

Sysco, Houston's second-largest public company based on revenue, will pay Tom Bené a cash severance payment of $6 million, acc...

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Houston-based food distribution giant Sysco names new top leadership

Olivia Pulsinelli — Mon, 13 Jan 2020 14:22:33 +0000

Food distribution giant Sysco Corp. (NYSE: SYY), Houston's second-largest public company based on revenue, has named a new president and CEO as well as a new executive chair and a new lead independent director.

Tom Bené will step down from the preside...

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Houston death care services co. hires Sysco exec as president, COO

Chris Mathews — Wed, 04 Dec 2019 13:36:02 +0000

Houston-based Carriage Services Inc. (NYSE: CSV), one of the nation's largest publicly traded death care companies, has a new president and COO.

William "Bill" Goetz was appointed to the roles effective Dec. 1, according to a Dec. 2 filing with the U...

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